Permits have been filed for a four-story residential building at 372 Bradford Street in East New York, Brooklyn. The site is four blocks away from the Van Siclen Avenue subway station, serviced by the A and C trains. The 2, 3, 4, and 5 trains are five blocks away in the opposite direction at an identically named station. Shutter Avenue Properties is behind the applications.
The 50-foot tall structure will yield 8,210 square feet, with 6,570 square feet dedicated to residential use. Eight apartments will be created, averaging 820 square feet apiece, indicating rentals. Tenants will have five parking spaces, a laundry room, and a rooftop terrace.
Converting, what seems like a 1-2 family town house into a Four story building with 8 apartments, could induce other developments in the area. This, along with he recent house flipping epidemic, might explain the rising property values in the area.